STERLING FUNDS AND NOTE ISSUE INCREASE
Sterling exchange held by the Reserve* Rank rose from £77,287.576 to £78.658,477 in the week ended August 4. The note issue rose from £47.953.024 to £48.129.522. The assets and liabilities of the hank as at August 4, together with the weekly averages for 1939 and 1917, were as follows: Week
•Ratio, p.c 27.00 74.04 65.37 * Proportion of reserve to notes and other demand liabilities.
week Aver. Aver, ended <N.Z. millions) 1939 1947 Aug 4 Liabilities— Reserve Fund 1 50 1.50 1 30 Bank notes 16.OS 47.68 48.13 Demand liabilities— State 2 77 13.26 10.91 Ba nr . 10.75 57.10 65.16 Other 31 .48 .37 Other currencies .03 09 .02 Other liabilities . . .47 3.32 3.34 Reserves— Gold 2 80 2 so 2 S’t Sterling 5 31 85 30 7s 66 Subsidiary coin .22 .05 .11 Advances to StateMarketing | 6.09 1 16 .8S Other 13.59 28.51 31 00 Other advances .. 06 .01 3 4 1 Investments 3.66 4.58 11 31 Other assets .17 1.05 1
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Bibliographic details
Wanganui Chronicle, 17 August 1948, Page 8
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168STERLING FUNDS AND NOTE ISSUE INCREASE Wanganui Chronicle, 17 August 1948, Page 8
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